Complete the following table: Note: Enter all values as positive values. NUMBER OF UNITS Ending Inventory Production Sales 700 820 850 630 865 750 670 1,175 800 75 110 170 165 295 Beginning Inventory 75 140 75 170

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Production Budget

A budget can be defined as a financial plan designed by an undertaking for a definite period in the future that can contribute towards enhancing the financial success of the business undertaking. It is used to estimate the revenue and expenses. The budget generally takes into account both current and future income and expenses.